GAFTA Gossip, Egypt/Russia Latest

It turns out that the president of GAFTA was missing from the annual dinner in London last night. Ashraf El Attal, is also the chairman and chief executive of Egyptian Traders Co., one of the companies at the centre of the recent spat between Egypt and Russia over wheat quality.

The Guardian carries an interesting story on this today:

Egypt probes Russia wheat import papers for forgery

Meanwhile a second 56,000 MT cargo of Russian wheat aboard MV Seabird brought into Egypt by the same company has also been seized, according to media reports.

The Russian exporter of this shipment is demanding its immediate release, so that the vessel can be re-routed elsewhere, as they have already done earlier this week with a third consignment which has now been redirected to the EU:

Russian wheat seller wants Egyptian shipment back